The real estate market in Denver and surrounding areas is hot right now! I’m personally working with a half a dozen individuals and couples trying to buy right now. What’s the reason you ask? Uncertainty in the mortgage industry is one big reason. Interest rates are still the lowest the have ever been and they may spike after the upcoming election; of course, no one for sure what will happen until after the election. So with low interest rates along with low house prices combined with low inventory has created a little mini sellers market. Some of the lower priced homes are now in the middle of a bidding war. I’ve personally had buyers offer above asking price in hopes of securing a home and even then we were out bid several times before we were successful.

Rachel and I met a bunch of friends at a benefit for our Veterans on Friday night in Cherry Creek. The group is called Veteran’s Passport To Hope, www.vp2h.org and it was a great event! It was called Beer and Bluegrass and it was exceptional! I haven’t heard bluegrass that good in a long time. Some of the proceeds went to benefit the Veteran’s Passport To Hope event at the Wings Over The Rockies Museum, 7711 E Academy Blvd, #1 Denver, CO, on October 4, 2012, which is an event to help the Wounded Warriors Project and raise awareness of the plight of our Wounded Warriors. www.vp2h.org

I think it’s time again to thank our soldier’s for working to keep our way of life the way it is. They provide an invaluable safety net for us all! We should really be thanking our wounded soldiers, which is what the Wounded Warriors Project does. I encourage you to buy tickets today! They are only $78 a person, $50 of which can used as an IRS income tax deduction. www.vp2h.org

Since the housing bubble burst there have been a lot more bank owned homes on the market. This has created a new market for investors. Currently I’m working with several investors who are buying condos and houses for under $100,000’s, turning them into rentals. But this has also been a bonus to the homeowners who either want to buy their first home or current owners who want to move up.

If ever there was a call to action now is the time. There are number of bank owned homes in the Denver metro area. There are 354 bank owned homes on the market as of July 3, 2012. Another 71 government owned homes in the Denver metro area. Bank Owned Denver Homes can help you find that house. As an off shoot of Cool Denver Homes, we saw the need to provide bank owned homes as they come on the market.

We also ask for the area of Denver, Northwest Denver such as Lohi and northwest Highlands, Denver northeast such as Park Hill, Curtis Park and Stapleton. Denver Southeast, Lowry, Washington Park, Cherry Creek and Country Club. Denver Southwest, like Golden Triangle, Barnum and Baker and finally downtown Denver such as Lodo, Downtown Denver and Ball Park.

Let me know of anything else that important to you, like price, # of bedrooms, number of bathrooms, etc. I will get a search set up and we will arrange a time, through email or phone, to go take a look at a few.

Even with the market coming back and inventory low, there are still good deals out there, not to mention interest rates are low, low, low!